Indian online pharmacy PharmEasy files for IPO of up to $842 mn

Reuters Updated - November 10, 2021 at 01:38 PM.

Latest start-up to pursue domestic stock listing

FILE PHOTO: Pharmaceutical tablets and capsules are arranged in the shape of a U.S. dollar sign on a table in this picture illustration taken in Ljubljana August 20, 2014. REUTERS/Srdjan Zivulovic/File Photo

 

Indian digital healthcare platform PharmEasy filed for an initial public offering (IPO) on Wednesday of up to 62.50 billion rupees ($842.43 million), becoming the latest start-up in the country to pursue a domestic stock listing.

 

API Holdings Ltd, PharmEasy's parent, may also consider a further issue of equity shares via a private placement of up to 12.50 billion rupees, the company said in its draft red herring prospectus.

Published on November 10, 2021 04:19